What is a Durable Power of Attorney?
A Durable Power of Attorney, unlike a limited power of attorney or non-durable power of attorney, may remain in effect after incapacitation. This can be an important document to have in place if you wish for your designated power of attorney to continue handling your financial or legal matters even if you are ever deemed incapacitated later in life. The powers granted to your durable power of attorney can be laid out by you and can be limited or more general.
In Florida, a Durable Power of Attorney can be a way to avoid guardianship during incapacitation. If proper estate planning and health care documents are put into place before incapacitation, courts may not need to appoint a guardian because the person you choose as your power of attorney (aka your attorney-in-fact) can act on your behalf in financial and sometimes medical matters. This is an example of what Florida law considers a possible “lesser restrictive alternative” to guardianship.
If you are looking to set up or review your estate planning documents, contact one of our experienced attorneys at (941) 906-1231.